SOURCE: The Bedford Report

The Bedford Report

March 10, 2011 11:25 ET

Dry Bulk Shippers Fail to Benefit From Trade Growth

The Bedford Report Provides Analyst Research on Genco & Diana Shipping

NEW YORK, NY--(Marketwire - March 10, 2011) - The bulk and tanker sectors of the shipping industry have been in the headlines for all the wrong reasons this year. Both sectors have been underperforming as freight rates remain under pressure based on too many available ships and not enough demand to match supply. Compounding the crisis, Chinese demand for raw materials has dropped dramatically as the nation tries to prevent its economy from growing too quickly. The Bedford Report examines the outlook for companies in the Shipping Industry and provides research reports on Genco Shipping and Trading Ltd. (NYSE: GNK) and Diana Shipping, Inc. (NYSE: DSX). Access to the full company reports can be found at:

www.bedfordreport.com/2011-03-GNK

www.bedfordreport.com/2011-03-DSX

One bright spot in the shipping industry has been the container sector. Maria Bertzeletou, an analyst at shipbroker Golden Destiny, explains that "the container sector has shown a remarkable rebound after a difficult 2009 due to the discipline of carriers on the supply side and the revival of trade growth in 2010."

Unlike dry bulk, container ship fleet sizes are not growing. New orders for container ships fell 21 percent over the past year, while growth of the dry-bulk fleet is estimated to be 13 percent in 2011.

The Bedford Report releases regular market updates on the Shipping Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Diana Shipping moved heavily into the container ship sector in recent years. In January the company said it plans to distribute about 2.7 million shares in its subsidiary Diana Containerships to Diana Shipping shareholders at the rate of 0.0325 shares in Diana Containerships for every 1 share of Diana Shipping.

Genco is heavily focused on dry bulk shipping. While the company recently reported modest year-over-year gains, executives had little to say about the direction of freight rates. Genco said it earned $37.5 million, or 90 cents a share, in the final period of 2010, compared with a profit of $35.5 million, or $1.13 a share, in the year-earlier period.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer.

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